Ebadi, an adviser to: the central bank is not bankrupt and reserves of $ 60 billion

2016/3/22 9:43

Economic Adviser to the Prime Minister Haider al-Abadi denied that the CBI is facing a state of bankruptcy.
He said the appearance of Mohammed Saleh told all of Iraq [where] "the central bank a strong financial institution and is not bankrupt and has reserves of monetary policies and has the vision and plans drawn borders and are working on."
He added that "precautions of the dollar around $ 60 billion or so, not the rumors as up to forty billion because the bank selling the dollar and buying that one he buys from the government's foreign currency [the dollar] an act of the Iraqi dinar against this purchase, so the bank has a balance of points in Buying and selling".
He attributed the benefit of central bank sales decline of the dollar in recent times to "weak demand for the dollar because of the reduction and the reduction in government spending."
And between economic expert, said that "the government operating budget almost vanished except for salaries and wages, and some of the necessary expenses and this was a form demand for the currency of any spending market in the dinar turn the request of foreign currency and caused economic activity is low and this is gradually reflected in the sales of the Central Bank of the lack of purchasing power insufficient or they are limited and this one of the main factors behind the decline in sales of the bank. "
He pointed out that al-Abadi adviser "to talk about the central bank's policy that it leads to bankruptcy rumors are not only meant to the rhythm of the Iraqi economy."
It is said that he recently noted that the Central Bank of Iraq auction sales recorded a decline was the lowest it months ago where he did not exceed the number of the 100 million days barrier compared to previous-month period and even after the financial crisis that began with a decline in oil prices in July 2014 and were ranging between 225 to $ 300 million and sometimes more.
The statistics of the Central Bank to sell the bank reported $ 2.5 billion in February, the second low of more than $ 800 million from January last, who sold the bank more than $ 3.3 billion.
And he labeled a member of the parliamentary finance committee Majida al-Tamimi, the central policy in the auction to sell the currency as "serving the corrupt." According to the plan.
He also criticized the economic expert David Zayer, the bank's policy, saying it "will push Iraq toward bankruptcy and its reserve is unable to secure the required in the market," adding that "there is a process of systematic looting of Iraq to the bankruptcy of its reserve of hard currency and the central bank assumes this responsibility."
And raised suspicions of corruption, fraud and money laundering through the central bank auction as announced, specializing in national integrity and economic crime and money laundering a misdemeanor court, on 20 August issued sentences of imprisonment and a fine against officials in the Rafidain and the north after being convicted on charges of corruption and money laundering, a banner in the earlier to the presence of 20 defendants in these cases, some degree of chairman. "